TMX Group Limited (TSE:X) Given Consensus Recommendation of “Moderate Buy” by Brokerages

TMX Group Limited (TSE:X) has been given a consensus recommendation of “Moderate Buy” by the nine analysts that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$65.47.

Several research firms have issued reports on X. Raymond James Financial boosted their price objective on shares of TMX Group from C$61.50 to C$65.25 and gave the stock a “strong-buy” rating in a research note on Friday, June 12th. Royal Bank Of Canada raised their target price on shares of TMX Group from C$69.00 to C$71.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. Scotia upped their price target on shares of TMX Group from C$70.00 to C$71.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, May 6th. Barclays increased their price target on TMX Group from C$52.00 to C$59.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. Finally, BMO Capital Markets raised their price objective on TMX Group from C$62.00 to C$65.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th.

TMX Group Stock Up 2.4%

X opened at C$48.51 on Thursday. TMX Group has a 1 year low of C$44.10 and a 1 year high of C$57.98. The firm has a 50 day moving average price of C$50.86 and a 200 day moving average price of C$50.07. The company has a debt-to-equity ratio of 44.08, a quick ratio of 0.01 and a current ratio of 2.35. The company has a market cap of C$13.40 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 12.65 and a beta of -0.16.

TMX Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, June 5th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, May 22nd. TMX Group’s dividend payout ratio (DPR) is presently 46.07%.

Insider Buying and Selling

In related news, insider John Mckenzie sold 69,970 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of C$54.71, for a total transaction of C$3,828,058.70. Following the transaction, the insider directly owned 100,774 shares of the company’s stock, valued at approximately C$5,513,345.54. The trade was a 40.98% decrease in their position. Company insiders own 1.15% of the company’s stock.

TMX Group Company Profile

TMX Group Ltd is a company that operates several global markets to provide investment opportunities for its clients. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, which provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the global financial community.